The Indian rupee opened 0.05% stronger at 90.71 per U.S. dollar on February 10, compared to its previous close of 90.757. The modest appreciation reflects stable market sentiment, supported by balanced foreign exchange flows and cautious investor positioning ahead of key global and domestic economic cues.
India’s currency markets began Tuesday’s session with the rupee showing a slight gain against the U.S. dollar, opening at 90.71 compared to the previous close of 90.757. The move highlights steady investor confidence and balanced liquidity conditions in the foreign exchange market.
Key Highlights
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Opening Rate: Rupee at 90.71 per U.S. dollar, up 0.05%.
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Previous Close: 90.757 per U.S. dollar.
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Market Sentiment: Reflects cautious optimism amid global economic signals.
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Investor Positioning: Traders remain watchful of U.S. dollar trends and domestic macroeconomic indicators.
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Outlook: Analysts expect range-bound movement with potential volatility tied to global oil prices and capital flows.
The rupee’s marginal appreciation underscores resilience in India’s currency markets, supported by stable foreign inflows and prudent central bank oversight. Market participants anticipate continued cautious trading as global economic data and domestic fiscal developments shape near-term currency trends.
Sources: Reuters (RTRS), Economic Times Markets, Business Standard.